The ethnic - a modern way to prevent the illicit activities

• Author: Laurentia Georgeta Avram
• Position: Spiru Haret University
• Pages: 6-11

6

THE ETHIC – A MODERN WAY TO PREVENT THE

ILLICIT ACTIVITIES

Candidate to Ph.D lecturer LaurenYia

Georgeta Avram

Spiru Haret

University

laura.avram@yahoo.com

Abstract:

The business from the financial field must submit to a great volume of the new

legal obligations which wants to attract them in a network of the secure and

control system and their goal is to detect the money washing and the finance of the

terrorist activities, when they appear, and to stop the law breakers to obtain the

incomes from the illicit activities.

Keywords: ethic, money washing, legal.

The business from the financial field must submit to a great volume of the

new legal obligations which wants to attract them in a network of the secure and

control system and their goal is to detect the money washing and the finance of the

terrorist activities, when they appear, and to stop the law breakers to obtain the

incomes from the illicit activities.

The money washing is a process which gives or tries to give a legality

appearance of some profits obtained illegal by the law breakers who benefit after

that by those incomes, without to be compromised.

This dynamic process is evolved in three phases: obtaining and moving the

funds obtained directly or indirectly from the malpractice, hiding the traces or the

origin the incomes to avoid any suspicious or investigations, and, finally, to

available the money and their reinvest in the legal activities.

1) In the initial phase or embarking the money washing, the law breaker

includes his illegal profit in the financial system. It can be done through divided the

big amount of money into smaller ones which are directly deposited into a bank

account or using in buying some financial instruments (cheques, the order tickets

etc.). 2) After the entrance the funds in the financial system, it takes place the

second phases – stratification. In this phase, the law breaker does some conversion

or moving the funds to estrange more by the provenience source, the more used

way being the electronic transfer in a series of accounts in the different banks from

all over the world. There are preferable these geographical zones or jurisdictions